Delaware § 512 Insuring combinations without additional capital funds

Delaware Statutes

§ 512 — Insuring combinations without additional capital funds

Delaware·Title 18·Part Insurance·Ch. 5 AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS

Without additional capital or additional surplus, an authorized insurer is also authorized:

(1)If a life insurer, to grant annuities or issue funding agreements;

(2)If a health insurer, to insure against congenital defects, as defined in § 906(a)(12) of this title;

(3)If a casualty insurer, to transact also health insurance. Except, that this provision shall not apply to a domestic insurer authorized to transact casualty insurance pursuant to § 511(a)(1) of this title.

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Without additional capital or additional surplus, an authorized insurer is also authorized:

(1) If a life insurer, to grant annuities or issue funding agreements;

(2) If a health insurer, to insure against congenital defects, as defined in § 906(a)(12) of this title;

(3) If a casualty insurer, to transact also health insurance. Except, that this provision shall not apply to a domestic insurer authorized to transact casualty insurance pursuant to § 511(a)(1) of this title.

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